Ministry of Commerce & Industry
INDIA’S MERCHANDISE TRADE: PRELIMINARY DATA FOR JANUARY 2021
India’s merchandise exports in January 2021 were USD 27.24 billion as compared to USD 25.85 billion in January 2020, an increase of 5.37%.
India’s merchandise imports in January 2021 were USD 41.99 billion as compared to USD 41.15 billion in January 2020, an increment of 2.05%.
India is a net importer in January 2021 with a trade deficit of USD 14.75 billion, as compared to trade deficit of USD 15.30 billion in January 2020, declined by 3.57%.
Value of non-petroleum and non-gems and jewellery exports in January 2021 was USD 22.40 billion as compared to USD 19.79 billion in January 2020, a positive growth of 13.21%.
Non-oil, non-GJ  imports were USD 26.35 billion in January 2021, as compared to non-oil and non-GJ imports of USD 24.87 billion in January 2020, also a positive growth of 5.94%.
Top 5 commodity groups of export which recorded positive growth during January 2021 vis-à-vis January 2020 are: Other Cereals , Oil meals , Iron Ore , Cereal preparations and miscellaneous processed item, and Jute manufacturing including floor covering.
Top 5 commodity groups of import showing a fall in January 2021vis-à-vis January 2020: Silver , Newsprint , Project Good , Leather & leather products , and Petroleum, Crude & products .
India’s merchandise exports in January 2021 were USD 27.24 billion as compared to USD 25.85 billion in January 2020, an increase of 5.37%. Exports during April-January 2020-21 were USD 228.04 billion, as compared to USD 264.13 billion during the same period last year, exhibiting a negative growth of 13.66%.
India’s merchandise imports in January 2021were USD 41.99 billion, as compared to USD 41.15 billion in January 2020, an increase of 2.05%. Merchandise imports during April-January 2020-21 were USD 300.26 billion, as compared to USD 405.33 billion during the same period last year, exhibiting a negative growth of 25.92%.
India is thus a net importer in January 2021, with a trade deficit of USD 14.75 billion, as compared to trade deficit of USD 15.30 billion in January 2020, declined by 3.57%.
In January 2021, the value of non-petroleum exports was USD 25.24 billion, registering a positive growth of 11.37% over January 2020. The value of non-petroleum and non-gems and jewellery exports in January 2021 was USD 22.40 billion as compared to USD 19.79 billion in January 2020, registering a positivegrowth of 13.21%. The cumulative value of non-petroleum and non-gems and jewellery exports in April-January 2020-21 was USD 188.73 billion, as compared to USD 197.94 billion for the corresponding period in 2019-20, exhibiting a decrease of 4.65%.
In January 2021, Oil imports were USD 9.40 billion, as compared to USD 13.01 billion in January 2020, a decline by 27.72%. Oil imports in April-January 2020-21 were USD 63.09 billion, as compared to USD 109.72 billion in April-January 2019-20, showing a decline of 42.48%.
Non-oil imports in January 2021 were estimated at USD 32.59 billion, as compared to USD 28.14 billion in January 2020, showing an increase of 15.81%. Non-oil imports in April-January 2020-21 were USD 237.17 billion, as compared to USD 295.61 billion in April-January 2019-20, registering a decline of 19.77%.
Non-oil, non-GJ  imports were USD 26.35 billion in January 2021, recording a positive growth of 5.94%, as compared to non-oil and non-GJ imports of USD 24.87 billion in January 2020. Non-oil and non-GJ imports were USD 201.69 billion in April-January 2020-21, recording a negative growth of 19.27%, as compared to non-oil and non-GJ imports of USD 249.83 billion in April-January 2019-20.
Major commodities of export which have recorded positive growth during January 2021 vis-à-vis January 2020 are: Other cereals , Oil meals , Iron ore , Cereal preparations and miscellaneous processed item , Jute mfg. Including floor covering ,Tobacco , Rice , Fruits and vegetables , Carpet , Handicrafts excl. Hand-made carpet ,Spices , Ceramic products and glassware ,Engineering goods ,Drugs and pharmaceuticals , Electronic Goods , Tea , Cashew , Plastic and linoleum , Mica, coal and other ores, minerals including process ,Cotton yarn/fabrics/made-ups, handloom products etc. ,Coffee , and Organic and Inorganic Chemicals .
Major commodities of export which have recorded negative growth during January 2021 vis-à-vis January 2020 are Petroleum products , Leather and leather manufactures , RMG of All Textiles , Man-made yarn/fabrics/made-ups etc. ,Meat, dairy and poultry products , Oil Seeds ,Marine products , and Gems and Jewellery .
Major commodity groups of import showing positive growth in January 2021 over the corresponding month of last year are: Gold , Pulses , Sulphur & Unroasted Iron Pyrites , Pearls, precious & Semi-precious stones , Cotton Raw & Waste , Vegetable Oil , Iron & Steel , Artificial resins, plastic materials, etc. , Chemical material & products , Non-ferrous metals , Electronic goods ,Organic & Inorganic Chemicals ,Coal, Coke & Briquettes, etc. ,Dyeing/ tanning/ colouring materials , Wood & Wood products , Medcnl. & Pharmaceutical products , Machine tools , and Textile yarn Fabric, made-up articles .
Major commodity groups of import showing negative growth in January 2021 over the corresponding month of last year are: Silver , Newsprint , Project Goods , Leather & leather products , Petroleum, Crude & products , Transport equipment , Pulp and Waste paper , Fertilisers, Crude & manufactured , Professional instrument, Optical goods, etc. , Metaliferrous ores & other minerals , Machinery, electrical & non-electrical , and Fruits & vegetables .
MERCHANDISE TRADE: Preliminary Data, January 2021
Summary Value in USD Billion
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Total
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Non-Petroleum
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Non- Petroleum and Non-Gems &Jewellery
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2019-20
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2020-21
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% change
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2019-20
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2020-21
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% change
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2019-20
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2020-21
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% change
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Exports
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25.85
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27.24
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5.37
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22.67
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25.24
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11.37
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19.79
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22.40
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13.21
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Imports
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41.15
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41.99
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2.05
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28.14
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32.59
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15.81
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24.87
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26.35
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5.94
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Deficit
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-15.30
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-14.75
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-3.57
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-5.47
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-7.34
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34.19
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-5.08
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-3.95
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-22.34
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Change by top Commodity Groups
Value in USD Million
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Top Increase in January 2021 as compared to January 2020
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Top Decline in January 2021 as compared to January 2020
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Commodity group
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Change in value
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% change
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Commodity group
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Change in value
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% change
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Export
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ENGINEERING GOODS
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1163.04
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18.69
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PETROLEUM PRODUCTS
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-1189.53
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-37.34
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DRUGS AND PHARMACEUTICALS
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292.62
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16.42
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RMG OF ALL TEXTILES
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-155.75
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-10.73
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IRON ORE
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274.60
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108.66
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LATHER AND LEATHER MANUFACTURERS
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-75.66
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-18.60
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Import
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Gold
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2450.92
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154.70
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Petroleum, Crude & products
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-3606.29
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-27.72
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Electronic goods
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764.18
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16.98
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Transport equipment
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-561.88
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-25.26
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Pearls, precious & Semi-precious stones
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733.89
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50.20
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Project goods
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-265.35
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-62.16